Meta said Thursday it would cut about 8,000 jobs, or roughly 10% of its workforce, as the company pushes further into artificial intelligence spending while trying to improve efficiency. The company said the reductions are meant to free up resources for new investments in other parts of the business. Bloomberg also reported that Meta plans to leave about 6,000 positions…
The Associated Press (AP) has announced voluntary buyout offers for an unspecified number of U.S.-based journalists as part of a broad restructuring effort, reflecting the accelerating shift away from traditional newspaper-focused operations. More than 120 union-represented staff members were offered buyouts, according to the News Media Guild, the union representing AP journalists. The initiative is designed to reshape the organization’s…
Global oil and gasoline prices have continued to climb as geopolitical tensions disrupt supply chains and strain energy markets. Governments and industry leaders are struggling to contain the impact as the conflict involving Iran interrupts one of the world’s most important oil transit routes. Much of the volatility centers on the Strait of Hormuz, a narrow shipping corridor through which…
Global energy markets experienced sharp movements as geopolitical tensions linked to the Iran conflict continued to escalate. Crude oil prices rose significantly, surpassing US$110 per barrel, following statements indicating that military operations would persist. Market participants reacted to renewed concerns about supply disruptions, particularly involving the Strait of Hormuz, one of the world’s most important oil shipping routes. Analysts warned…
Economic forecasters have sharply lowered Germany’s growth expectations as rising energy costs linked to the ongoing Iran conflict weigh on Europe’s largest economy. Germany’s gross domestic product is now projected to grow by only 0.6% in 2026 and 0.9% in 2027, significantly below earlier estimates that anticipated a stronger recovery. The downgrade reflects mounting pressure from higher oil and gas…
Global financial markets moved sharply lower as energy prices climbed amid escalating tensions tied to the conflict involving Iran. Investors reacted to renewed uncertainty after U.S. President Donald Trump delayed decisive military action, a move that failed to reassure traders who had hoped for clearer signals about the conflict’s trajectory. Major stock indexes retreated as crude oil prices surged above…
Recent jury decisions in the United States have intensified scrutiny of major social media companies, raising new questions about corporate responsibility and long-term financial exposure in the technology sector. In a California case widely described as a legal milestone, a jury found Meta, the parent company of Instagram, and Google, which operates YouTube, responsible for damages linked to a young…
